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Warehouse Market News

EU to co-finance Romania’s Suceava – Botosani road revamping

The European Union will co-finance a EUR 20 million project to modernize the road connecting the cities of Suceava and Botosani in Northern Romania.

New UPS regional facility opened in Timisoara

This new facility offers larger operational capacity to better serve companies in Western and Central Romania.

Romania’s industry turnover up 8.9% in first nine months

The Romanian industrial turnover in the first nine months, for both domestic and foreign markets, has increased by 8.9%. The growth was registered mainly due to the increase in the manufacturing industry – up 9% and the mining and quarrying sector – up 7.6%, according to data from the National Statistics Institute INS.

Romania has 20 times fewer manufacturing companies than Estonia and Portugal

The Romanian economy has only three small and medium companies active in the manufacturing area per 1,000 inhabitants, while trade companies are three times more numerous, which shows that local business cannot surpass the survival stage with only companies which do not bring VAT.

Federal Mogul invests USD 20 mln in Ploiesti factory

U.S. Group Federal-Mogul will invest over USD 20 million in two new production lines at its friction pads factory in Ploiesti, recently taken over from Honeywell, writes Mediafax.

Higher car sales help Romanian tire market go up

The local tire market, which includes both the summer and the winter tire sales, was estimated at 2 million units last year, and gained some 20% this year, according to Alina Mihaescu, marketing director of Goodyear Dunlop CSEE, quoted by Wall-Street.ro.

Cement producer Holcim increases sales in Romania

Swiss cement producer Holcim increased its sales in Romania by 4.3% in the first nine months of this year compared to the same period of 2013, but the cement price declined by 1.1% in the same period, according to the group’s report.

Transporter Construction & Logistics: The recovery of the industrial real estate market

Transporter magazine organizes on 10th of November the event „Construction & Logistics. The development perspectives of the logistics parks and specialized warehouses”, having as topics the evolution of the industrial and logistics parks in Romania as well as the optimization of the management procedures of the warehouses and the supply chain.

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